Table of Content
1. About the company
2. Promoters of the company
3. Contact Details
4. Company listed competitors
5. Strengths and risks
6. Company Financials
7. IPO details
About the Company
Anand Rathi wealth ltd. provides a mix of wealth solutions including mutual funds , broking (equities and commodities ) , insurance and portfolio management services to a wide spectrum of clienttele . It focuses mainly on the HNIs segment . The company present in 11 cities of india , including mumbai , bengaluru , delhi , gurugram , and hydrabad . They also offer estate planning , succession planning and creation of will. Anand rathi group have 24 years of experience in financial services.
Company inaugrated in 1994 , The company footprint not only in india but also in dubai with 1200 locations.
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| Anand Rathi ipo |
Promoters of the company
Anand Rathi - founder & chairman
Pradeep Gupta - co founder & vice chairman
Amit Rathi - MD
Priti Gupta - MD , Anand Rathi share and stock brokers Ltd
Supriya Rathi - Director , Anand rathi insurance private limited
About the promoters -
Anand Rathi - Mr. Anand rathi , the founder and torch bearer of the anand rathi group (ARG) , is one of the leading financial and investment experts in india and south east asia . The gold medalist Chartered Accountant is an esteemed member of the ICAI and has over 53 years diverse experience.
Pradeep Gupta - Gupta has an all embracing industry experience acquired from running a wide range of businesses in the past . He started his professional journey with a family - owned textiles business.
Company Contact Details
Corporate office -
11th Floor , Times Tower , kamala City , senapati bapat marg , lower parel , Mumbai 400013
Registered Office -
Express zone A wing 10th floor , Western Express Highway , Goregaon east , Mumbai 400063
Business -
Investment Services
Wealth Management
Insurance
Institutional Equities
NBFC
Investment Banking
Company listed competitors -
Angel one
Icici securities
Dhani services
Mcx india
Share india
5 paisa capital
Geojit finance
Dolat investment
Dhanvarsha finv
AB money or more
Strengths -
+ As per care advisory research the company has been ranked amongst the top three non- bank mutual fund distributors in india by gross commision earned in fiscal 2021.
+ Anand Rathi is well known brand that has dominant presence in wealth solutions and financial services.
+ It serves in Niche client market where the customers are UHNIs , HNIs and mass affluent.
+ It has strong client base . Most of the clients have been with the company for more than three years , representing about 53% of the clients . These clients contributes nearly 72% of private wealth (vertical) AuM.
+ It offers estate planning , succesion planning and will creation without any additional costs to its client.
+ The solution offered are uncomplicated , holistic and standarized to their clients.
+ Top tier non- bank mutual fund distributor in india coupled with presence in structured products.
Risks
- Anand Rathi derives most of its revenue from distribution and sale of financial products and are dependent on sustained ability to increase AuM and fund performance.
- Any change in total expense ratio due to regulatory changes may reduce distribution commision income which may have an adverse effect on business , and financial condition.
- Distribution arrangements with AMCs could be terminated . About 34% (as on march 2021) of the company's revenue are from asset management companies.
- Anand Rathi operates in a highly regulated environment , which is subject to change ,and could adversly take a toll on the company's operations , if unfavourable.
- Highly dependency on the management team and relationship managers.
- One of the promoter group entities , Anand Rathi commodities limited (ARCL) , and its directors , are involved in procedings with SEBI and economic offence wing of mumbai police.
- Company stores client sensitive information . Any leakage or data theft could harm its business.
Company Financials
IPO Details
Open date - 2 december 2021
Close date - 6 december 2021
Face value - Rs 5
Listing plateform - NSE & BSE
Price bands - Rs 530 - 550
Minimum order Quantity - 27
Lot size - 27
Allotement dates -
Initiation of refunds
Listing date - 14 December
Issue size - 659 cr.
GMP - Rs 87
Offer for sale of 1, 20, 00000 equity shares
Listing price - 600 (with 9.09% gain)
Share offer/ given by promoters
ARFS - 92,85,000
Anand Rathi - 3,75,000
Pradeep Gupta - 3,75,000
Amit Rathi - 3,75,000
Priti Gupta - 3,75,000
Supriya Rathi - 3,75,000
Rawal Family Trust - 3,75,000
Feroze Azeez - 3,75,000
Jugal Mantri - 90,000
Registrar
Link intime private limited
Address -
C- 101 , 1st floor , 247 park Lal bahdur Sastri marg , vikroli (west) Mumbai 400083 Maharastra , India
Tele - +91 2249186000
Email - anandrathi.ipo@linkintime.co.in
Website - www.linkintime.co.in
Book running Lead managers
1. Equirus capital private limited
2. BNP paribas
3. IIFL Securities
4. Anad rathi advisors limited
Subscription status
Frequently Asked Question
Q. What is an IPO ?
IPO or Initial public offering is a way where company want to raise sum amount of money for their business expansion, paying debt, etc. It is a process where private limited company convert into public limited company which is traded publicly in Stock exchanges like Bombay stock exchange and national stock exchange.
Q. Who decides the price of IPOs ?
Company decides the price of IPO with the help of Lead mangers. Sebi or stock exchange does not interfere in the price of IPOs . There is risk in decide best and suitable premium rate for IPOs because investors do not like higher premium rates.
Q. Who will decides dates of IPO or listing date ?
Once SEBI and Stock exchanges approved for IPO then company cunsult with lead managers or registrar , stock exchanges to fix the date.
Q. What is the Role of Registrar ?
Basis work of Registrar are to provide facility like transfer stocks to investor demat accounts, transfer refunds in the investor account who do not get IPO and they are registered with SEBI and Stock Exchanges.
Q. Is it mandatory to have PAN number to apply for IPO ?
YES, since july 2006, SEBI made PAN compulsary for IPO applicants.
Q. How many times One person apply ?
Only one time a one person will be applied but you apply for IPOs from your family's account.
Q. How IPOs listing price is decided ?
The listing price of IPO is decides through book building by syndicate of investment banks.
Q. One can apply for IPO for Offline ?
Yes, you can apply for IPO offline.
Q. How many days IPOs subscription open ?
At least 3 working days IPO will be open for subscription.
Q. What is 'market lot' or 'Minimum order quantity' ?
When a company launches a IPO , company decide, how many numbers of shares that an investor can get .
Q. is it mandatory trading account apply for IPO ?
No, it is not mandatory for trading account.
